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What Is the Advantage of Defining a Target Market

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What is the advantage of defining a target market?


Definitions:

Constituents

Individuals or groups that have a stake or interest in the actions and success of an organization, business, or political entity.

For-Profit Organization

An entity that operates with the primary goal of earning profit for its owners or shareholders.

Privately Owned

Describes businesses or assets owned by individuals or companies and not by the government or the public.

Nonprofit Organization

An organization that operates for a collective, public, or social benefit, instead of working for profit or income for its owners or investors.

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